Quik - Unsecured Business Loans
Poss offers fast approval loans, with transparent terms and no prepayment fees
Your Financial Partner for Flexible Small Business Loans
Poss offers you access to Quik with fast, flexible loans with your choice of tenure and no early repayment fees so your business can grow faster.
Try our Quik Loan Calculator today!
Receive up to S$100,000 loan quantum at as low as 1.2% per month for a tenure of up to 12 months.
Small Business Loans in 4 Quik Steps
Simple Borrowing Requirements
Complete your application with a few simple documents like your identity proof, income, and bank statements.
Apply
Online
Fill out your application and submit it online in less than 10 minutes.
Check
Application Status
Check the status of your application online. A real-time review process means you’ll receive an update in no time.
Receive
Your Funds
Get access to your funds quickly, so you can spend the money on things that are truly important for your business.
More Reasons to Get Quik with Poss
Ease of Application
All it takes is ten minutes to fill out our fuss-free online application and connect your business account.
Transparent Fees
With our transparent and affordable fee structure, you’ll never have to worry about additional fees or unpleasant surprises.
Flexible Access
No prepayment penalties. Use what you need and pay for just that. Poss offers you flexible access to your funds, so you’ll always be in control.
Term Length Options
Variety of term length options to choose from. Choose from a 1-12 month loan term with agreed monthly fees. Want to pay it off sooner? With our no prepayment penalty policy, you will never be penalized for paying off your loan sooner.
Frequently Asked Questions (FAQs)
Quik is a fast and flexible small business term loan offered by Poss Capital. Fill up your application and submit it online in less than 10 minutes.
We understand that small and medium-sized enterprises face major challenges with limited working capital. As a fintech company, Poss attempts to bridge the financing gap for businesses that do not have access to or lack sufficient funding by providing them with an alternative source of capital. By leveraging on the use of technology, we provide a seamless and user-friendly experience so that business owners can focus on effectively growing their business without any worries.
You’ll need to be a Limited Liability Partnership or Exempt Private Company limited by shares incorporated in Singapore. In addition, you’ll need at least 6 months of transaction history in an operating business bank account.
Unfortunately, we are unable to lend to Sole-Proprietorship and Partnership at the moment.
No collaterals will be required but we will request for key stakeholders within the business to provide personal guarantees for the loan.
Your business loan application will be reviewed through a data-driven yet flexible approach, by evaluating the various pieces of information provided by your business, focusing on your creditworthiness, ability to repay and current business needs.
Upon successful submission of your loan application, we will revert back to you on the results within 48 hours. You will receive an email and/or loan agreement requesting for digital signature(s), outlining the offer, including but not limited to approved loan quantum, pricing, tenure, due dates and monthly repayments.
We will disburse the funds into your main operating account within 24 hours of the completion of the loan agreement.
There are no hidden fees and no prepayment penalties. Use what you need and pay for just that. Be in control with your funds and indicate to us your preferred channel for monthly repayments.